The company raised $637 million by pricing 22.75 million Class A shares, making it the largest tech IPO since Facebook.
*Credit Suisse starts Zynga with underperform rating- benzinga.com. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*Piper Jaffray cuts Zynga to neutral from overweight-. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
NEW YORK-- Shares of Zynga tumbled nearly 5 percent Wednesday after Piper Jaffray predicted that a decline in revenue for social gaming companies would accelerate next year, with fewer teens showing interest. On Friday, the shares hit an all-time low of $2.21, after Zynga forecast a third-quarter loss.
SAN FRANCISCO, Oct 8- Zynga Inc's executive overseeing its key poker game has quit, hitting the gamemaker in a particularly vulnerable spot as it struggles with a steady employee exodus and falling revenue.
SAN FRANCISCO, Oct 8- Two San Francisco-based car-sharing services, including one founded by Zynga Inc. director Sunil Paul, are operating in defiance of California authorities, highlighting how regulators are struggling with a wave of start-ups that encourage people to share everything from cars to their homes.
**GREEN DOT CORP, Friday close $12.85, down 23 pct premarket. **NETSPEND HOLDINGS INC, Friday close $10.75, down 12 pct premarket. Shares of Prepaid card companies Green Dot and NetSpend fell after Wal-Mart and American Express announced a partnership to offer customers an alternative to debit and checking accounts.
U.S. stock index futures fell on Monday after the World Bank cut its growth forecasts for East Asia, highlighting concerns about the global economic climate and corporate profits ahead of the upcoming earnings season. **INNOSPEC INC, Friday close $34.35.
U.S. stock index futures fell on Monday after the World Bank cut its growth forecasts for East Asia, highlighting concerns about the global economic climate and corporate profits ahead of the upcoming earnings season. **UNITEDHEALTH GROUP INC, Friday close $57.13.
SAN FRANCISCO, Oct 8- Zynga Inc's inexorable decline over the past six months, capped by a sharp reduction in its 2012 outlook on Thursday, has sharpened interest in what Chief Executive Mark Pincus will do next. Zynga did launch several such games this year, including "The Ville" and "ChefVille," and is working on several more.
SAN FRANCISCO, Oct 6- Zynga Inc's inexorable decline over the past six months, capped by a sharp reduction in its 2012 outlook on Thursday, has sharpened interest in what Chief Executive Mark Pincus will do next. Zynga did launch several such games this year, including "The Ville" and "ChefVille," and is working on several more.
NEW YORK, Oct 5- Small- and mid-capitalization stocks closed flat to lower o n Friday, with shares of Zynga. Shares of Zynga fell 12 percent to $2.48 after the social games maker cut its 2012 outlook for a second time on the poor performance of its live Internet games and the writeoff of an acquisition.
Among the stock activity stories for Friday, Oct. 5, from AP Business News:. _ Shares of Glu Mobile Inc. sold off after Zynga Inc., another online games developer, slashed its guidance. But one analyst says Glu should benefit from Zynga's problem: Gamers' shift from computers to phones.
NEW YORK-- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:. Avon Products Inc., up $1.17 at $17.39. Constellation Brands Inc., up $1.48 at $36.20.
A big drop in the unemployment rate wasn't enough for investors Friday. The Labor Department said the unemployment rate had declined to 7.8 percent, its first dip below 8 percent in nearly four years. The drop to 7.8 percent in the unemployment rate "really is not a big game-changer," said Peter Cardillo, chief market economist at Rockwell Global Capital. "
CNBC's Julia Boorstin takes a look at Zynga's plunge, and whether the game is over for social gaming. And CNBC's Robert Frank looks at what the stock's fall has meant to Zynga's founder, Mark Pincus' finances.
Shares of Zynga are tanking after cutting its guidance last night, and JPMorgan cut its estimates on Facebook based on the announcement. CNBC's Julia Boorstin has the details.
The Nasdaq Composite Index increased 1.18 points, or 0.04 percent, to 3,150.64. **PRIMERO MINING CORP, $7.16, up 32.6 pct. **FLEETMATICS GROUP PLC, $22.98, up 35.2 pct.
The Nasdaq Composite Index added 8.92 points, or 0.28 percent, to 3,158.38. **PRIMERO MINING CORP, $7.70, up 42.75 pct. The ruling confirms that Primero can record silver revenue and taxes from its San Dimas gold mine in Durango state at the realized silver price rather than the spot price.
*Zynga shares slide after warning, Facebook slips. Labor Department data showed the jobless rate dropped by 0.3 percentage point in September to 7.8 percent, its lowest since January 2009, even as Americans came back into the labor force to resume the hunt for work.